Post Tagged with: "online payments"

China has outstripped fintech hubs like London, New York, and Silicon Valley, and is now the global leader in financial innovation, according to a new report released by financial service firm EY and DBS Insights. According to the Rise of Fintech In China report, China has experienced an explosive growth periodRead More

Visa is set to acquire e-commerce payment authentication company CardinalCommerce, which provides data to card issuers for increased online transparency, it was announced today. “At Visa our goal is really to jumpstart the [e-commerce] industry,” said Mark Nelson, senior vice president of risk and authentication products at Visa. “By partnering withRead More

Online and mobile shopping represented a significant chunk of retail sales on Black Friday, as a large amount of shoppers decided not to brave the crowds at physical stores. However, even with sales incentives provided by mobile wallet services like Apple Pay, in-store mobile payments were just a tiny, tinyRead More

The Madison Square Garden company has notified customers of a breach that took place on its payment processing systems, the perpetrators of which gained access to customer data including names, credit card numbers, and security codes. Adding to the misfortune of the breach is the fact that many of theseRead More

Digital payments startup Stripe, begun back in 2000 by a pair of Irish brothers, has just raised new funding that values the company at just over $9 billion—and incidentally makes its founders the youngest billionaires in Ireland. In all, $150 million in new capital was raised. This brings the company’sRead More

Phone: charged. Cards: ready. Game face: on. Black Friday is here, and consumers couldn’t be more ready to win—because that’s what this day is about, not shopping, winning—but before they dive in plastic-first, shoppers should make sure they’re staying safe while they shop, and nowadays that means protecting their onlineRead More

Facebook announced today that it will be opening up a developer platform for chatbot builders named FbStart, in the spirit of hallmark Facebook simplicity. This can be expected to add many bouncing baby bots to the 34,000 already available for use on the Messenger platform, and aid in the improvement of existing solutions.Read More

During the first two hours of the annual 11/11 Global Shopping Festival, or Single’s Day as it is more commonly known, the Alibaba Group generated just about $7 billion USD of GMV within the first two hours of the holiday. Alipay transactions accounted for 84% of that total amount. Alipay isRead More

Citigroup today announced another digital wallet for payments, Citi Pay, to enable payments in-store, in-app, and of course online. The service will be rolling out to Citibank customers in Australia, Singapore, and Mexico later this year, with a U.S. launch planned for early 2017. (Few banks are as global as Citi.) BarryRead More

The importance of cybersecurity, particularly to banking, is under a spotlight at the moment, as online and mobile banking users and financial consumers find themselves dealing with hacks, Trojans, and malware bots, all gaining ground in the last two months. Whenever cybersecurity is discussed, the topic of biometric authentication risesRead More